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write my assignment 13030

2) The Green Company produces chemicals in a perfectly competitive market. The current market price is $24; the firm’s total cost is given by the equation C=100+4Q+Q^2  

a. Determine the equations for the firms MC and AC functions 

b. Determine the firm’s profit maximizing output.  Determine its level of profits.   Does the Green Company have an incentive to leave this industry given its level of profits?  Briefly explain. 

c. Now suppose the company is approached by SO Specialties Inc., who offers to license them a new technology that will change their cost function to C = F + Q + 0.5Q2. How much would the Green Company be willing to pay to SOS Inc for the right to license this technology? 

d. It turns out that SO Specialties is a recently renamed company   it is better known as SnakeOil Services Inc.  Even worse, they have been making the same offer to all firms in this industry.  

Assume that all firms have agreed to pay SOS Inc. $200 for the new technology.  What do you expect to happen to the price in the industry in the long run?  Provide an exact numeric answer.  What do you expect to happen to firm profits in the long run?  Do you think the Green Company should have purchased the new technology?

 

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March 26, 2022by

write my assignment 15144

Applying and Analyzing Inventory Costing Methods 

At the beginning of the current period, Chen carried 1,000 units of its product with a unit cost of $32. A summary of purchases during the current period follows.

 UnitsUnit CostCostBeginning Inventory1,000$32$32,000Purchase #11,8003461,200Purchase #28003830,400Purchase #31,2004149,200

During the current period, Chen sold 2,800 units.

(a) Assume that Chen uses the first-in, first-out method. Compute both cost of good sold for the current period and the ending inventory balance. Use the financial statement effects template to record cost of goods sold for the period. 

Ending inventory balance $Answer

Cost of goods sold              $Answer

Use negative signs with answers, when appropriate.

 Balance Sheet

TransactionCash Asset+Noncash

Assets

=Liabilities+Contributed

Capital

+Earned

Capital

 Record FIFO cost of goods soldAnswer

 Answer

 Answer

 Answer

 Answer

 Income Statement

Revenue

–

Expenses

=Net

Income

Answer

 Answer

 Answer

(b) Assume that Chen uses the last-in, first-out method. Compute both cost of good sold for the current period and the ending inventory balance. 

Ending inventory balance  $Answer

Cost of goods sold              $Answer

  • Attachment 1
  • Attachment 2

 

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March 26, 2022by

write my assignment 9219

Federal, state and local laws must be adhered to when developing or managing a business. In this discussion you will review federal and state laws as well as take a look at your local laws in relation to the simulation of Tim’s Coffee Shoppe and Xavier Candies. http:// The above link is to the Small Business Administration site where all federal laws and regulations can be accessed for reference purposes.Discuss one federal, state and local law each for Tim’s Coffee Shoppe and Xavier Candy Company (a total of six laws) that would apply to those businesses (laws you have not previously described). Remember to note the difference in the size and type of business with regards to laws that may affect each. And explain the impact of these laws on each of these companies. 200 words references

All the business organizations must perform the business under the moral, emotional, social andlegal limitations of the society to safeguard the ethics in the community. Even smaller units like…

 

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March 26, 2022by

write my assignment 30547

Question:QUESTION 5

  1. Residential realty costing $100,000 was placed in service three years ago. MACRS depreciation for the current year is:
  2. $14,286.
  3. $3,636.
  4. $3,175.
  5. $2,500.
  6. $2,564.

3 points  

QUESTION 6

  1. Nonresidential realty costing $100,000 was placed in service last year. MACRS depreciation for the current year is:
  2. $3,175.
  3. $2,564.
  4. $14,286.
  5. $2,500.
  6. $3,636.

3 points  

QUESTION 7

  1. Below are four asset purchases made in 2018:
  2. AssetCostDate of Purchase  Office table    $1,000    January 1, 2018    Office desk    $1,500    September 29, 2018     File cabinet    $2,000    October 15, 2018     Computer    $6,000    December 30, 2018   
  3. Assuming the company has net income of $5,000, what is the maximum Section 179 deduction for these purchases?
  4. $2,500
  5. $0
  6. $10,500
  7. $5,000

3 points  

QUESTION 8

  1. Depreciation of fixed assets under GAAP v. for tax purposes is based on:
  2. original cost less salvage value under GAAP v. original cost for tax purposes.
  3. original cost both under GAAP and for tax purposes.
  4. original cost for GAAP v. the original cost less salvage value for tax purposes.
  5. original cost less the salvage value both under GAAP and for tax purposes.

3 points  

QUESTION 9

  1. Under MACRS, the recovery period for a passenger auto is:
  2. 3 years
  3. 7 years
  4. 4 years
  5. 5 years

3 points  

QUESTION 10

  1. Under MACRS, the recovery period for residential real property is:
  2. 31½ years
  3. 39 years
  4. 7 years
  5. 27½ years

3 points  

QUESTION 11

  1. A business places in service $2,640,000 of equipment in 2018. If the company has net income of $900,000, the maximum Section 179 the business can elect in 2018 is:
  2. $0
  3. $860,000
  4. $900,000
  5. $1,000,000
  6. $140,000

3 points  

QUESTION 12

  1. Generally, under MACRS, the recovery period for a computer is:
  2. 7 years
  3. 5 years
  4. 4 years
  5. 3 years

3 points  

QUESTION 13

  1. A taxpayer places in service $55,000 of 5-year property on August 16 of the current year, and $45,000 of 7-year property on December 2 of the current year. Assuming the taxpayer elects not to take Section 179 or bonus depreciation, which of the following statements is correct with respect to this taxpayer?
  2. The taxpayer uses mid-quarter convention to depreciate both assets
  3. The taxpayer uses the mid-quarter convention to depreciate the 5-year property, but uses the half-year convention to depreciate the 7-year property.
  4. The taxpayer uses the half-year convention to depreciate the 5-year property, but uses the mid-quarter convention to depreciate the 7-year property.
  5. The taxpayer uses half-year convention to depreciate both assets

3 points  

QUESTION 14

  1. Depreciation of property other than real property begins in the middle of the quarter in which it is placed in service when more than:
  2. 40% of the total cost of all depreciable property placed in service during the year occurs during the fourth quarter.
  3. 40% of the total cost of Section 179 property placed in service during the year occurs during the fourth quarter.
  4. 25% of the total cost of all depreciable property placed in service during the year occurs during the fourth quarter.
  5. 25% of the total cost of Section 179 property placed in service during the year occurs during the fourth quarter.

3 points  

QUESTION 15

  1. Generally, under MACRS, the recovery period for office furniture (e.g., desks) is:
  2. 4 years
  3. 5 years
  4. 7 years
  5. 3 years

3 points  

QUESTION 16

  1. If a new passenger auto that costs $50,000 and weighs 5,000 pounds is placed in service in 2018, which of the following is true?
  2. section 179 is limited, but depreciation expense is not
  3. section 179 and depreciation expense are both limited
  4. no limit on section 179 or depreciation expense
  5. depreciation expense is limited, but section 179 is not

3 points  

QUESTION 17

  1. A business places $1,640,000 of equipment in service in 2018. If the company has net income of $900,000, the maximum Section 179 the business can elect in 2018 is:
  2. $0
  3. $640,000
  4. $140,000
  5. $900,000
  6. $1,000,000

3 points  

QUESTION 18

  1. On May 11 of the current year, your calendar year firm pays $5,000 for new office furniture (7-year property); this is the only asset purchase for the year. The company estimates that the machine will have a salvage value of $1,000. If your firm elects not to take bonus depreciation or Section 179, how much depreciation will the firm claim on its federal income tax return this year?
  2. $5,000
  3. $715
  4. $4,000
  5. $572

3 points  

QUESTION 19

  1. Under MACRS, the recovery period for commercial real estate placed in service in 2000 is:
  2. 27½ years
  3. 31½ years
  4. 7 years
  5. 39 years

3 points  

QUESTION 20

  1. Real estate must be depreciated using the:
  2. mid-month convention
  3. half-year convention
  4. mid-quarter convention

 

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March 26, 2022by